General Real Estate Investing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated 9 months ago,
Buying land or a garage?
So I bought a house in upstate new york that has an in law suite near saratoga. I am wondering if i am losing out on money by renting long term?
second question I saw there is 20 acres of land across the street for sale and was wondering if I should grab it and subdivide a few acres and sell or rent out to get my money back?
the other option i have is build a 3 car garage and out a one bedroom apartment on top that ill rent for about $1500 a month.
The garage price would be about 100k to fo but could make 18k a year.
The land is $130k
What do you all think is the better strategy?